MATH2401

THE COUNCIL OF COMMUNITY COLLEGES OF JAMAICA

ASSOCIATE OF SCIENCE EXAMINATION

SEMESTER II – 2016 MAY

PROGRAMMES: BUSINESS STUDIES

COURSE NAME: BUSINESS STATISTICS

CODE : (MATH2401)

YEAR GROUP: TWO

DATE: THURSDAY, 2016 MAY 12

TIME: 9:00 A.M. – 12:00 NOON

DURATION: 3 HOURS

EXAMINATION TYPE: FINAL

This Examination paper has 4 pages

INSTRUCTIONS:

SECTION B: ANSWER ANY THREE (3) QUESTIONS FROM THIS SECTION.

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SECTION B

Instructions: Answer any THREE (3) questions from this section.

Question 1

The following shows results of a survey of time taken by a group of children to complete reading
assignment

Time(min) # of
students
10-19 8
20-29 15
30-39 22
40-49 18
50-59 12
60-69 9
70-79 5

Calculate:

i. Mean (5 marks)
ii. Median (5 marks)
iii. Mode (5 marks)
iv. Variance (4 marks)
v. Standard deviation (2 marks)
vi. Coefficient of variation (2 marks)
vii. What is the shape of the distribution (2 marks)

(Total 25 marks)

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Question 2

A. Let X be the random variable with the probability distribution given by:
x 1 2 3 4 5
P(X=x) 0.2 b 0.35 0.15 0.05

i. Find the value of b (3 marks)

ii. Calculate E(X) (5 marks)
iii. Calculate the standard deviation (5 marks)

B. Two Events A and B are such that P(A 1 ) = 0.25 and P(B) = 0.35 . I f A and B are
Independent events, find:

i. P (A ˆ B) (5 marks)
ii. P( A ˆ B )1
(4 marks)
iii. P( A 1 ˆ B1 ) (3 marks)

(Total 25 marks)

Question 3

The data below shows the following information:

X 1 3 4 6 8 9 11 14
Y 1 2 4 4 5 7 8 9

A. Calculate and interpret r and r 2 (12 marks)

B. Calculate the value of the slope of the regression line (4 marks)

C. Calculate the value of the value of y intercept of the regression line (5 marks)

D. Using the regression equation to predict the value of x when y 6 (4 marks)

(Total 25 marks)

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Question 4

A. The probability that a student entering college will graduate is 0.4.Determine the
probability that out of 10 students.

i. none will graduate (3 marks)

ii. More than TWO (2) will graduate (3 marks)
iii. At least FOUR (4) will graduate (4 marks)
iv. The expected number of students that will graduate (2 marks)

B. The amount spent for goods online is normally distributed with mean of $ 125 and
Standard deviation of $ 25 for a certain age group.

i. What the percent spent more than $ 175 (4 marks)

ii. What percent spent between $100 and $150 (6 marks)
iii. What is the probability that they spend more than $50 (3 marks)

(Total 25 marks)

Question 5

A. The average number of accidents on a stretch of road per week is 3.What is the
probability that:

i. Exactly FIVE (5) accidents per week (2 marks)

ii. At least TWO (2) accidents per fortnight (4 marks)
iii. More than THREE (3) accidents per day (4 marks)

B. Distinguish between stratified and simple random sampling (4 marks)

C. Outline the process of conducting a research (11 marks)

(Total 25 marks)

END OF EXAMINATION

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